Date: 2/13/2009 7:14:42 PM
Author: DiamanteBlu
Date: 2/13/2009 6:55:41 PM
Author: Dancing Fire
watched last night. a few yrs ago i posted on PS,i said....within the next few yrs we will see the biggest mortgage default in history.
DF, you were so right!!! DH has been saying the same thing. You guys need to meet! He has a very good track record. Among other things he had be sell ALL my stock holdings. I initially resisted but I did sell everything on 2/2/00. Good call! LOL!
He has since made other calls, some of which we have been able to take advantage.
It is interesting [to me anyway] that back in 1996, when I was considering to get back into the ''work force'' [employee - EEEEEK! Luckily it was a temporary lapse], I wound up flying to NYC to talk to Nomura Securities [and a couple of others] about the possibility of joining their derivatives divisions [the math PhD work and the MBA coupled with the M&A experience was of interest to them - and probably the professorship too]. In any case, I was like - huh? you guys are doing what? And you want me to model it how? Surely you jest. Needless to say, I did not go to work for them in spite of the high remuneration. After seeing half of that show last night, I am so glad I told them to take a hike [No, wishful, I am not being ''disingenuous'' - I say what I mean and I mean what I say.]. They may have made a lot of bucks in that arena [I used a different vehicle to do the same] but at least I can look myself in the mirror [and I still have my passive income streams. LOL!]
DH and I are currently assessing the situation to see where the opportunities are. I cannot say with clarity just yet what one ought to look at. Buying hard assets [and taking delivery as I have said before] I still believe to be a prudent strategy. And, just today, we started the [bottom fishing] real estate search at the high end of the market.
What is your thinking, DF [and others]?